Oil prices edged higher on Monday, November 10, 2025, as growing optimism over a resolution to the U.S. government shutdown supported hopes for improved fuel demand, even as global supply concerns persisted.
Brent crude rose by $1.12 to $79.45 per barrel, while West Texas Intermediate (WTI) gained $0.97 to $75.62, rebounding from last week’s five-month lows.
Analysts said that progress in U.S. Senate negotiations toward reopening federal agencies helped ease investor fears of a prolonged slowdown in public spending and consumer activity. A reopened government is expected to restore fuel consumption by government fleets, contractors, and transport sectors that were partly idled during the shutdown.
“A resolution to the shutdown would inject some optimism into short-term fuel demand,” said Edward Moya, senior analyst at OANDA. “However, the broader fundamentals—weak refinery runs and growing inventories—remain bearish for oil.”
Despite the day’s gains, traders remained cautious as global inventories continue to build, with OPEC+ production levels still high and U.S. crude output near record levels. The International Energy Agency (IEA) also reiterated that oil demand growth for 2025 is likely to remain subdued at around 0.7 million barrels per day.
Market strategists suggest that any price rallies driven by the U.S. political situation may be temporary unless concrete demand improvements emerge in the coming weeks.
